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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE -- Ignore unavailable to you. Want to Upgrade?

To: Tony from Niagara who wrote (922)	10/31/1999 12:16:00 PM
From: Sam	Read Replies (2) \| Respond to of 1690

SOME INFOWAVE (IW,TSE) INVESTORS LOSE THEIR FAITH DESPITE Q3 ACHIEVEMENTS IW shares closed down 22 cents yesterday after Q3 results showed YTD sales growth of 13% over 1998. Highlights from Q3 include Infowave's recent TSE listing and a substantial C$7.2 million financing with mostly institutional investors. As usual, the imaging division represented most of the $8,561,634 YTD sales. Infowave's future however is dependent of their wireless division which has continued to build a solid foundation in Q3. Infowave completed 'Infowave for the Net', a suite of corporate wireless computing solutions; a strategic agreement was made last month with Mi8, a leading Application Service Provider; IW and Glenayre launched Symmetry which provides wireless access to Microsoft's Outlook software. All this R&D costs money of course and the wireless division is not exactly writing up sales with both hands right at the moment. Q3 sales tripled over the previous quarter to $146,044. Obviously Infowave's wireless market is still in its infancy. The real potential for IW's wireless business will not be felt for several months. My impression from yesterday's trading is that investors are ignoring the speculative premium the wireless division attaches to IW's share price. Over the next two years, the wireless market is set to explode with 15 million e-mail users and about 51 million two-way messaging users. Infowave has formed a solid foundation with some strong alliances and partnerships. Now they have to wait for the market demand to catch up to their technology. ***************************************************************** THE GROWTH STOCKS SHOW *CORRECTION** Please note medEra's VSE symbol is MER. ------ Previous \| Previous \| ------ \| Edit your message \| Quotes - News - Discussion - Canadian